Coffee futures are soaring to kick off the trading week, adding to their year-to-date rally of 27%. The agricultural commodity is coming off a solid weekly gain after finding support on dwindling coffee inventories for both Arabica and Robusta.

December coffee futures surged $0.103, or 2.59%, to $4.0775 per pound at 12:52 GMT on Monday on the US ICE Futures exchange. Coffee prices are up about 10% this month and have risen 27% this year. Over the last 12 months, coffee has surged 62%.

After some modest profit taking, investors have been pouring back into the bean on tighter inventories. The latest data indicate that US stockpiles have declined.

Industry figures show that ICE-monitored Arabica inventories dropped to a 19-month low of 467,110 bags on Friday. ICE-monitored Robusta supplies, meanwhile, dropped to a near-three-month low of 6,176 lots.

Market watchers say that US buyers have bene voiding new contracts for purchases of Brazilian coffee beans because of the 50% tariffs implemented on Brazil. The Southern American market is responsible for about one-third of America’s unroasted coffee.

That said, investors have been cautious about more supply coming to global markets. This past summer, the US Department of Agriculture’s Foreign Agriculture Service said that international coffee output in the 2025-2026 marketing season will increase by 2.5% to an all-time high of 178.68 million bags.

At the same time, trade associations lowered their Brazilian crop forecasts by almost 5% last month, but Vietnam’s coffee crop is anticipated to jump 6% this year.

In other agricultural commodities, December corn futures dipped $0.025, or 0.59%, to $4.20 a bushel. December wheat futures ticked up $0.01, or 0.2%, to $5.0475 per bushel. December soybean futures advanced $0.0575, or 0.56%, to $10.2525 a bushel.